Patel Engg - Gammon India JV Bags Rs 806Cr Order

Patel Engineering’s Order Book Stands At Around Rs 4800 Cr

Patel Engineering Ltd., a civil infrastructure construction company, today announced that the company has bagged order a Rs 806 crore order in joint venture with Gammon India Ltd from the Satluj Jal Vidyut Nigam Ltd for the 434 MW Rampur Hydro Electric Project. Satluj Jal Vidyut Nigam Ltd. Is a joint venture between the Government of India and Government of Himachal Pradesh.

The project is located on the river Satluj in Shimla and Kullu Districts of Himachal Pradesh. The project work involves construction of a 15-km-long head race tunnel (HRT), a 140-m deep surge shaft and power house on the right bank of river Satluj near Village Bael in district Kullu. The project will be completed in the next 54 months.

Commenting on the development, Sonal Patel, Whole Time Director, Patel Engineering said, “The hydro power sector is witnessing significant traction as the hydro power capacity addition during Tenth Five Plan (FY03-FY07) is expected at 8,762MW. Further, Ministry of Power has set a target of capacity addition of 20,000MW during the Eleventh Plan (FY08-12).”

“Given the fact that a large number of hydro power projects are being awarded and with construction component accounting for 70 per cent of the cost of a hydro power project, we believe that this segment offers good growth potential,” Sonal Patel added. Interestingly, Patel Engineering has participated in 22 per cent of India’s 32,000 MW hydroelectric projects.

Patel Engineering’s order book position stands at around Rs 4800 crore, which includes Michigan Engineers order book of Rs 50 crore in urban infrastructure. Of this Rs 4800 crore, 50% of the orders are from hydro division, 28% irrigation and 22% in transportation and other sectors.

Source : Moneycontrol.com